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Under what circumstances can a public account transfer money to a private account:

1. Salary payment

On the monthly salary payment day, the company has performed withholding in accordance with the law For individual tax obligations, wages are paid from the public account to each employee's private card.

2. Convert from Sole Proprietorship to Sole Proprietorship

A sole proprietorship will regularly transfer the profits after deducting expenses and paying personal tax on operating income to the sole proprietorship through a public account. Person in charge, it is also possible to transfer such a public account to a private account.

3. Advance expenses

When an employee needs a reserve fund for a business trip, the company can pay the employee from the public account, and the employee will be reimbursed for the actual expenses after returning from the business trip, and any excess will be refunded and any excess will be reimbursed.

4. Shareholder dividends after deducting personal tax on dividends and dividends

The public account must transfer shareholder dividends to individual shareholders. This money can be withdrawn from the company after paying 20% ??personal tax on dividends and dividends. The public account is transferred to the shareholder's personal account.

5. Training and teaching fees

When transferring teaching fees to training instructors, this fee is the after-tax remuneration after personal tax on labor remuneration income has been paid, and can be transferred directly to Go up to the private account of the lecturer.

6. Cost of purchasing materials

After the company purchases a batch of items from an individual and obtains the invoice issued by the tax department from the natural person, the company can transfer the payment through the public account. in the personal card of a natural person.

7. Repay the previous loan from the company to the individual

If the company has borrowed money from the individual before, it can transfer 100,000 yuan to the personal card through the corporate account. To repay a previous loan the company made to an individual.

8. Pay someone’s liquidated damages or compensation

In order to pay someone’s liquidated damages or compensation, the company can directly transfer it from the public account to the person’s private account. on.

The specific reference is as follows:

The "RMB Bank Settlement Account Management Measures" stipulates that the following amounts can be transferred to personal bank settlement accounts

1. Salary and bonus income .

2. Income from services such as manuscript fees and performance fees.

3. The principal and income of investments such as bonds, futures, and trusts.

4. Income from personal claims or property rights transfer.

5. Personal loan transfer.

6. Securities transaction settlement funds and futures trading margin.

7. Inheritance and gift money.

8. Insurance claims, premium refunds, etc.

9. Tax refund.

10. Sales income from agricultural, sideline and mineral products.

11. Other legal funds.